For a straight-forward case, our fixed fees range from £1,250 to £3,500 (plus VAT) and will depend on the value of the property, whether there is a mortgage involved, the complexity of the transaction and the level of experience of the solicitor dealing with your matter.
Please note that this does not include disbursements payable by you, such as official copy entries of the title register, Land Registry fee, stamp duty land tax, local authority and other search fees.
Search fees are usually in the range of between £400-£800 plus VAT and depends on the value of the property. For more information please see the land registry fee scale here.
There may be instances where our fees will exceed the above fee range, for example where the property is for investment purposes or is a new build, listed building, or if a lease extension is required.
Our residential property lawyers are here to discuss your property needs and can provide you with a detailed estimate of the costs involved including any disbursements before undertaking any work. For more information please get in touch with a member of our team today.
Most purchases attract Stamp Duty Land Tax (SDLT). Please use this link to calculate your SDLT payable.
Our fixed fees start from £950 plus VAT and will increase depending on the type of property, lender requirements, the complexity of the transaction and the level of experience of the solicitor dealing with your matter. whether this is a second mortgage and whether the property is tenanted.
Our fees for a voluntary lease extension (which includes acting for your lender) are £1,750 plus VAT. For statutory lease extensions, our fees range between £2,250-£2,500 plus VAT
Transfers of equity:
Our fees range between £750-£950 plus VAT
Key stages – Purchase, Sale and Mortgage
The fee ranges detailed above cover all work in relation to the following key stages of a straightforward purchase, sale and mortgage:
- taking your instructions and providing an overview of the transaction and process;
- drafting or reviewing the contract/mortgage deed and (where appropriate) negotiating its terms;
- undertaking due diligence (which is a review of title, ordering appropriate property searches, raising appropriate enquiries and reviewing responses) or responding to the purchaser’s and/or lender’s enquires about the property;
- exchanging contract and completing;
- submitting stamp duty land tax returns; and
- registration of the transaction at the land registry.
Timescales usually will depend on a number of factors which are specific to the transaction. Exchange of contracts is likely to take between six and eight weeks – subject to searches, complications, defects and title, mortgage lenders etc. The completion date is as agreed between both parties. There may be other factors which may affect the timetable. We will keep you updated at each stage of the transaction and we can discuss important dates and set realistic timeframes.
[Please note all VAT is charged at the prevailing rate of 20%]